tv Business - News Deutsche Welle May 17, 2018 1:15pm-1:31pm CEST
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now is the time to talk about my future i want to talk about the present but i'm happy and overjoyed to have won this title and i want to enjoy it with the fans. and it was a dream of mine to win a title with that let it go. and time to celebrate for him you're watching video news coming to you live from london do stay with us this is up next. he has the latest on this. on freedom and the whole. world i come from the region is rich in history. poor in your creation and freedom this makes it especially difficult for independent journalists i see many of the young promising journalists who are now
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making names for themselves all over the arab. some might get along the way some might follow some will continue. the experience of freedom in a sense is like the experience of the. u.k. visited what you call coming back from. mining industry would and i work at the moment. the. u.s. sanctions on iran may have claimed their first victim francis totalis says it is considering pulling out of a multi-billion dollar gas deal in iran as china says it's ready to take its place . on the former south african whites only shopping center is transformed more money
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changes hands here than at any shopping mall in africa we'll see why the authority for it seems happy. as the berlin walk up the chinese state petroleum companies p.c. says it's ready to take over a huge gas project in iran from the french energy concern total the two billion dollar project is one of the biggest european investments in iran since the sanctions were lifted three years ago since the us pulled out of the iran nuclear deal and threatened sanctions on anyone who continues to do business with iran china seems ready to fill the gap wants to pull out of the deal if the u.s. doesn't make any exceptions to its sanctions and he was asked to turbulence in the oil market where brant crude futures eighty dollars a barrel for the first time since november twenty fourth. in further developments the world's biggest container ship or denmark's masks also says it will end iran shipping in the face of u.n. sanctions. italy's economic plans rattling markets and setting off alarm bells in
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capital across the country the country's two and across the e.u. rather the country's two anti establishment parties are reportedly close to reaching a coalition agreement and seem prepared to exit the euro zone and writing off public debt that's according to a draft proposal leaked by the huffington post that contained these and other radical proposals the parties that their positions had changed since the paper was written still markets went haywire the populace five star movement wants to spend seventeen billion euros on increasing welfare payments for the poor they're likely coalition partner the far right leader at the same time wants to introduce a low fifteen percent flat rate of income tax asking or the european central bank to forgive two hundred fifty billion euros of debt but also said to be part of the lead in the draft. but there are plans to free of billions of euros for tax cuts
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and wealth already rattling the markets the eurozone it's a five month low in reaction to those reports alice are very skeptical about the economic sustainability of these plans italy is already two point three trillion euros in debt that's trillion with a t and that's one hundred thirty two percent of the gross domestic product the highest ratio anywhere in europe apart from greece and it amounts to almost a quarter of the total debt in the entire euro zone pretty steep when you consider that the country only makes up fifteen percent of the euro zone's total economic output last year italian economy grew one point seven percent boss there are signs of growth could be slowing down a factory has been sluggish since the beginning of the year and business confidence has dropped. now we've become quite used to shall we say rather unconventional economic plans from populist parties all across europe i asked carsten brzeski chief economist. if the italian plan although suggests
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a new degree of madness on the part of the italian coalition negotiators. i mean the almost half of this is like greece meets the reaganomics. reaganomics so you put all populist economic ideas in a basket and you pull out whatever you can find i think it all these things especially in combination do not make sense and i think especially this threat again to drop out of the euro zone to ask for debt forgiveness has to be spooked financial markets yesterday and i think financial markets have sent a clear message to rome and to the next italian government that they should extremely with withdraw these ideas as soon as possible. this draft paper that was leaked in this since been denied or amended is but does that not show that they are willing to fake to flee pointed a gun at the uro's say good germans please send us a couple of billions otherwise we kill the common currency i think you could
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achieve like that the interesting thing was that the two parties yesterday reacted to the the route in financial markets the financial markets were not blackmailing the next italian government i think what really is needed here is some common sense to really go to brussels to talk to the european commission to talk to the other european countries and really come with common sense because i think no one will oppose more investment in italy no one will oppose policies that create more economic growth in italy but everyone will oppose any measure that could lead to a next euro crisis because this is something that the european definitely does not need at all how how big is the risk that we're looking at in the next euro crisis the next greece here. i think if you believe the the reason reports that the two parties already withdrew these two extreme proposals from the coalition agreement and i think also when you look at the greece the greek example it shows that you know you first promise the you the sky and then you get down with all you
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both feet on the ground and you forget about all these populist measures because i think reality is the different one than election campaigning and i think the league on norad and the five star movement will also realize this extremely quickly if you look at the plans more close these do you find a single shred of economic viability that. not in combination of all of course you can argue a flat tax we've heard this on the from from reagan before we've heard this from other countries before you know if the idea was to make the tax system more simplified it makes sense so that could be viable but the combination two together with an unconditional minimum income together with debt forgiveness the combination is clearly not viable plus specially this but this point about debt forgiveness whether it's coming from the e.c.b. whether it's coming from the other european countries i think this is completely not viable at all because this would lead to an enormous turmoil on financial market i think we've got a ready some some flavor of how this could look like yesterday when you see that
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the yields on the telly and bombs really increased that spreads with a view the german government bonds also wide and so these these ideas actually not viable. to the chief economist. joining us from frankfurt thank you very much. into south africa now in the in a city of johannesburg has turned from a posh wide shopping district into a buzzing african trading hundreds of millions of euros worth of goods is being sold every year by thousands of trade is making this the dubai of africa but few seems to notice that as this cash economy operates under the radar of the a thought. over three thousand stalls run mostly by immigrants make this market complex in downtown johannesburg a lucrative pan-african trading hub. shoppers come from all over the
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continent to find good deals. they come from i would come here to buy that. there is in the early days a genius but he is it it's with c.b.s. it's cheap and that's why they didn't. selling mostly chinese fashions out of cupboard size shops an estimated seven hundred million euros in revenue is made here every year that's twice as much as in africa's largest shopping mall but shop owners like sickly mckale are facing many challenges she arrived from ethiopia ten years ago and sells clothing and bags. saif now. business used to be good because of the many customers coming from zimbabwe mozambique and other places that's what is but now because of police raids and other criminal activities our business is getting more quiet as if.
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at least once a week the shops are firing caving as police officers arrive to search for counterfeit goods and to weed out illegal immigrants or so they say. the biggest threat in this area is to be struck with police confiscated goods from people and take those goods for resale to other people for the down the road this is a message focusing on study forty percent shop people said that they were making that they had to bribe police officers. the traders feel victimized by the often brutal police action against them and they retaliate the situation regularly escalates into open street battles and manhunts shoppers and traders flee making any economic activity impossible for the rest of the day it's up to them is because not true a lot of the potential of the space as the dubai of africa here approach is more enforcement and is not development so they have not provided to the infrastructure
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that is required to make this a shocking that it could be. on average cross border shoppers spend twelve hundred euros per shopping trip to johannesburg their goods are carried home in bags and in suitcases on board buses departing from backyard terminals fallon's of them arrive every day but they may stop coming if infrastructure doesn't improve and security remains fragile. facebook c.e.o. mark zuckerberg is willing to address the european parliament about the abuse of user data as according to present parliament president and toyota johnny facebook has admitted to abusing the data of eighty seven million facebook users by selling it to the now defunct british data analysis firm cambridge analytical the data was handed out over the company without users permission has also stood before the u.s. senate to answer their questions about the if that. and sometimes small businesses
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have to overcome the usual huddles on their way to success and one restaurant. i developed a novel solution to stop his business going to the buds quite literally water from dinah's at the restaurant of the west australian city was tired of being harassed by swooping seagulls the owner of the restaurant has now given his customers balsa pistols to keep at bay the seagulls gathered to scavenge leftovers away for passions to throw them up but now it seems the water pistols are not only a tool to keep dials on molested also attracting cost us well so this is how a challenge can turn into an opportunity that's it from me and the business team here and i'll have an update for you in the next hour at the fuego have it ok patrick. real time check on global markets at this hour by the.
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play. placed on g.w. . enter the conflict zone. this week conflict zone is in selma dig near munich for tofu and give because she is a member of the u.k.'s polish mental bavarians console this is christian social you look at the time of growing divisions and blew up over religion and by gracious. politicians love below using religious issues conflicts so close in sixty t.w. . playbook looking for the white house playground is shaking about the election about please your favorite to play play to the tune to bring down the took in europe the politics of the entire conflict championed the free insurance claim for
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the last sixty five years to live for mines. earth a home for saving global until those tell stories of creative people and innovative projects around the world ideas to protect the climate and boost green energy solutions by global ideas be embodied new series of global three thousand on t.w. and online. play. play play play play. welcome to focus on europe michelle henery turkey is only weeks away from snap elections called by the ruling party in april whoever is elected will assume sweeping powers critics say president richard earlier won the clear favorite is the
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